Smithfield, Rhode Island is a great place to live due to its high median housing value. The median value of homes in Smithfield is $398,600, which is higher than the US median house value of $338,100. In addition, the 1 year house appreciation rate in Smithfield is 10.27%, much higher than the national average of 8.27%. This means that those who invest in property in Smithfield are likely to see an above-average return on their investment in the near future. As such, Smithfield is an attractive option for potential homebuyers and investors alike.
The median home cost in Smithfield is $398,600. Home appreciation the last 10 years has been 97.1%. Home Appreciation in Smithfield is up 14.4%.
Average Age of Homes
- The median age of Smithfield real estate is 44 years old
The Rental Market in Smithfield
- Renters make up 19.8% of the Smithfield population
- 2.3% of houses and apartments in Smithfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.